Lindblad Expeditions Holdings (NASDAQ: LIND) reported Q4 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $75.8 million versus the consensus estimate of $76.72 million.

Sven-Olof Lindblad, President and Chief Executive Officer, said "Lindblad delivered another year of strong financial growth in 2019 as our sustained investment in expanding our capacity to further meet the growing demand for authentic expedition travel is attracting a diverse audience of new and returning guests. We have increased our inventory by more than 20% since we began strategically investing in our new build program in 2015 and since that time, we have grown Net Yields by 8% while also maintaining occupancy levels above 90%. In 2020, with a continued strong booking environment and the expected April launch of the National Geographic Endurance, our first new state-of-the-art polar ice class vessel, we are poised to substantially build on the growth we delivered this past year. Overall, Lindblad's proven track record in delivering high quality and immersive experiences in the world\'s most remarkable geographies, along with our strategic partnership with National Geographic, should enable us to continue to add inventory while maintaining strong price points and audience levels, driving additional shareholder value in the years ahead."

GUIDANCE:

Lindblad Expeditions Holdings sees FY2020 revenue of $400-410 million, versus the consensus of $392.93 million.

The Company\'s current expectations for the full year 2020 are as follows:

• Tour revenues of $400 - $410 million (17 - 20% growth)
• Adjusted EBITDA of $82 - $86 million (23 - 29% growth)

As of February 18, 2020, Lindblad segment bookings for travel during 2020 have increased 26% as compared with bookings for 2019 as of the same date a year ago. Additionally, the Lindblad segment had 86% of full year 2020 projected guest ticket revenues on the books versus 87% of full year 2019 guest ticket revenue at the same time last year. Given the destinations we visit and the geographies where we source our guests, the Company currently anticipates limited direct impact from the COVID-19 Coronavirus. However, at this time it is too early to estimate the potential indirect impact resulting from any decreased demand for travel related to the outbreak. The Company\'s financial performance could be materially impacted by this indirect impact if booking patterns change significantly moving forward

For earnings history and earnings-related data on Lindblad Expeditions Holdings (LIND) click here.